SEC Commissioner Hester Peirce: Strict Regulation Benefits “Useless” Meme Coins Former U.S. SEC Commissioner Hester Peirce @HesterPeirce, in an interview with @scottmelker on September 27, stated that the crypto industry previously went to great lengths to avoid being classified as securities, as falling under securities regulation brought significant pressure. She argued that this regulatory environment has produced an ironic outcome: some meme coins openly declare themselves “without utility or purpose” to stay outside the scope of securities regulation, while projects genuinely aiming to create real-world utility struggle to advance. Peirce emphasized that regulation should provide investor protection when applicable, rather than forcing all projects to flee the regulatory framework. Source: The Wolf Of All Streets